Near term strength in BAC?Expectations are near-term strength as the rest of the market tries to make new highs behind the Nasdaq.
BML/PL trade ideas
BanksLike the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
BAC - Channel Bottomed Bottom of channel hit. Blue line is first target, red line second target. Good luck!
BAC 30Earnings again this week. Clearly everyone is going to be making puts so I suggest calls. I am joking please don't. So it's looking like it broke out of the first downtrend channel, went into another little sell-off, and then moved back out of the downtrend on Friday. Volume wasn't high so no indications of a bullish move. Looking at Monday for the next candle. Resistance is 24.05. After that, we go to 26-27. IMO, I don't think the government will let the banks fail. Idk how Banks usually make money, I assume loans but idk the number of loans being made during this pandemic
trade smart
BAC, Buy PUT Aug 21st $23BAC, Buy PUT Aug 21st $23
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Bank of America testing trend lineBank of America is near a three-month trend line today as the entire market pulls back. $BAC is far from the strongest of the bank stocks, which are a weak sector in general, so it's quite possible it won't hold the support. I've picked up a July 31 option call and set an alert to trigger to me to sell if it crosses below the trend line. Estimize is forecasting small beats on both EPS and revenue on $BAC's next earnings report.
BAC - Long - Nice upside already in process NYSE:BAC
Here you can see the move has already begun on the 30M chart with a nice hit on the daily trendline u see at bottom. It may break over tomorrow or give us a nice entry if it opens down tomorrow. Stay tuned.
BAC - Long - Potential upside soon! We already formed bullish divergence and another may form if we open lower tomorrow with a potential 3rd bounce on TL for the push up. I'd keep my eyes peeled open on this one and other banks. NYSE:BAC
Banks Rally?Setup is looking super clean here. Banks reporting next week, expectations being as low as they are, it should be easy for them to "beat".
Possibilities and probabilities? I personally like other products like $AXP.
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short the banks! (but not just yet)I am expecting a final push before the banks begin to fail. Why not trade it?
BANK OF AMERICA CORPORATION 1HRBULLISH BAT
Now with confirmation from a BULLISH CANDLE with RSI above 30
POTENTIAL BUY
Bank of America to sellA high probability that the stock will continue his downtrend. Next Target 22.30
Rare investment opportunity! Bank Of America buy signalsBank Of America (BAC), monthly chart: 20 years long(!) mirror level + Support line + Divergence + Hammer
@BAC - BUY CCI 20 Close (-99.83) - undervalued since 16 june '20BUY ONLY FOR THIS ONE :
@BAC
Expecting 16 Jul 2020
EST EPS USD 0.33
Last EPS USD 0.40
Last DIvidend per Share USD 0.18
Bank of America small relief rallyafter a massive dump, believe we see a small rally and then another leg lower.
BAC UpdateChart still looks ugly.
I would imagine it'll bounce ~3-5% before getting hammered back down.
The fundamentals are getting priced in.
